[Funding alert] Munich-based Silencio Network Secures €928K in Pre-Seed Round Funding

Monday 19, 2024 | By Startup Rise EU

Munich-based Silencio Network secures €928K in pre -seed round funding led by Borderless Capital. In the fundraising round, additional investors included Moonrock Capital, Master Ventures, and others.

Munich-based Silencio Network secures €928K in pre -seed round funding led by Borderless Capital. In the fundraising round, additional investors included Moonrock Capital, Master Ventures, and others.

Read also - London-based Kynd Secures an Undisclosed Amount Funding

With the money, Silencio will expand its alliances, quicken its growth, improve data integrity, and pursue strategic goals.

Thomas Messerer, CEO and co-founder of Silencio Network, says, “This investment goes beyond financial backing; it represents a shared belief in harnessing the power of blockchain for innovative data solutions. With Borderless Capital’s support, we are more equipped than ever to push the boundaries of data coverage in the decentralised era.”

The money is intended to help the German startup revolutionize data coverage by combining DePINs with peaq, a layer-1 blockchain with practical applications.

Read also - Oxford-based MeVitae Raises €1.7 Million in Seed Funding

Borderless is a Web3-focused investment management company committed to assisting the upcoming generation of trailblazers who are spearheading the creation of revolutionary technologies that will facilitate value creation beyond national boundaries.

Álvaro Gracia, Partner at Borderless Capital states, “Borderless is excited to support the growth of Silencio. Their unique approach to building a hardwareless DePIN, leveraging the different sensors in a modern smartphone, is unique and will prove to support a faster supply side growth.”

About Silencio Network

Silencio Network, a decentralized network founded by Thomas, Eric, and Theo Messerer, allows users to take part in the fight against noise pollution by rewarding them with tokens and providing local data for the creation of a comprehensive noise map.

Read also - UK-based Codestone Acquired Cloud Business

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